[单项选择]An investor is considering the purchase of Security X, which matures in ten years with a par value of $1000. During the first five years X has a 6% coupon with quarterly payments. During the remaining five years, X has an 8% coupon with quarterly payments. The face value is paid at maturity. A second 10-year security, Security Z, has a 6% semiannual coupon and is selling at par. Assuming that X has the same bond equivalent yield as Z, what is the price of Security X（）
A. $943.
B. $1009.
C. $1067.

[单项选择]A company is considering the purchase of a copier that costs $5000. Assume a cost of capital of 10 percent and the following cash flow schedule: Year 1: $3000 Year 2: $2000 Year 3: $2000 Determine the project’s NPV and IRR. NPV IRR（　）①A. $883 15% ②B. $243 20% ③C. $883 20%
A. ①
B. ②
C. ③

[单项选择]Robert Johnson, CFA, is considering the purchase of two stocks from different industry. Each stock has an expected return of 12.5 percent and an expected standard deviation of returns of 16 percent. Which of the following statements Johnson said about the two stocks is most accurate（）
A. Regardless of the weights selected or the correlation between the returns of the two stocks, the expected standard deviation of a portfolio composed of the two stocks will be less than 16%.
B. Rational investor should not invest in the two stocks because their returns obviously exhibit positive correlation.
C. Regardless of the weights selected or the correlation between the returns of the two stocks, the expected return of a portfolio composed of the two stocks will be 12.5 %.

[单项选择]An investor in the 28% tax bracket is considering buying one of the following securities: A fully taxable Treasury security offering a 6.0% yield. A municipal bond offered at par offering a 4.0% yield. What is the after-tax yield on the Treasury and the taxable-equivalent yield on the municipal bond After-tax yield on the treasury Taxable-equivalent yield on the municipal（）
A. 4.32%                2.88% 
B. 4.32%                5.56% 
C. 6.48%                2.88%

[简答题]outward investor

[填空题]According to the passage, firms with slack security are subject to______.

[单项选择]（） you have written authorization from the Security Department, please do not enter the zone delineated by the green line.
A. Because
B. Unless
C. Despite
D. Whereas

[单项选择]From the news report, we can infer that UN Security Council Resolution 1559 made a decision that
A. demand that Hezbollah be disarmed
B. Lebanon have a parliamentary election
C. Syria withdraw its army from Lebanon
D. the murder of Rafik Hariri be investigated

[单项选择]An incredible opportunity for real estate investors is investing in foreclosure. Foreclosed homes repeatedly sell at deep discounts; which provides buyers a straightforward opportunity to profit. Because foreclosed homes are often highly discounted, they can be purchased and sold with a large return. Homes that are facing or have vanished by way of foreclosure often meet the investing goals of both the long term investor and the investor that plans to flip the property.
Plainly stated, a foreclosed property is one that has been repossessed by the lender for non-disbursement of the mortgage. Since the majority mortgages are collateralised by the actual property, a dwelling that has gone through foreclosure has re-claimed by the bank. There are a lot of things that occur all through this progression, and depending on which status the residence is located, the procedure can actually take numerous months. As a consequence of the difficulty of the process as well as the length and the
A. reject
B. control
C. prevent
D. disqualify

[简答题]WHAT IS INVESTOR CONCERN ABOUT INVESTMENT CONTROL ·CONTROL IS VERY IMPORTANT TO MANY COMPANIES WHO ARE RELUCTANT TO TRANSFER CERTAIN VITAL RESOURCES TO ANOTHER DOMESTIC OR FOREIGN ORGANIZATION … · OPERATING COSTS MAY DECREASE AND THE SPEED OF TECHNOLOGICAL TRANSFER MAY INCREASE WHEN CONTROL IS RETAINED FOR SEVERAL REASONS. B. WHAT IS IMPORTANT WHEN MOTIVATING STAFF · FINANCIAL BENEFITS · CAREER DEVELOPMENT OPPORTUNITIES C. WHAT MAKES A GOOD SECRETARY · BE PRUDENT AND CAREFUL · HAVE GOOD RELATIONSHIP WITH OTHER COLLEAGUES

[单项选择]When setting investor objectives in the investment policy statement, expressing goals only in terms of returns can:（）
A. lead to inappropriate investment practices by the portfolio manager, such as the use of low-risk investment strategies.
B. distort the expected outcome.
C. lead to inappropriate investment practices by the portfolio manager, such as the use of high-risk investment strategies.

[单项选择]An investor gathered the following information on two zero-coupon bonds: 1-year, $ 800 par, zero-coupon bond valued at $ 762 2-year, $10800 par, zero-coupon bond valued at $ 9796 Given the above information, how much should an investor pay for a $10000 par, 2-year, 8 percent, annual-pay coupon bond

[填空题]The leading investor on African infrastructure projects is______.